Growing platform enables global supply chain efficiency using blockchain technology
JACKSONVILLE, Fla. – Nov. 1, 2019 – CSX (NASDAQ: CSX) has become the first North American railroad to join TradeLens, a global shipping information platform that provides customers with improved supply chain transparency and shipment-status visibility.
Using secure blockchain technology, TradeLens overcomes data processing siloes to support collaboration across the supply chain and provide customers with timely updates. Developed by IBM and Maersk, TradeLens is an open, neutral platform that currently includes data on half of the world’s ocean container cargo and continues to grow rapidly.
By leading North American railroads onto the platform, CSX is furthering its commitment to greater transparency that enables shippers to manage their supply chains more efficiently.
“Joining TradeLens is a further demonstration of our commitment to providing customers with broader visibility and increasing our value as a provider of comprehensive supply chain solutions,” said Mark Wallace, executive vice president of Sales and Marketing. “Railroads are vital links in the global supply chain, and CSX wants to support all of the ways our customers are seeking greater efficiency and flexibility. As our customers move onto TradeLens, we’ll be helping provide them with better end-to-end shipment tracking capability.”
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.yicn5.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).
Bryan Tucker, Corporate Communications